Used for
- Demand forecasting for products and services.Optimizing inventory levels.Improving supply chain management.Enhancing production planning.Supporting strategic business decision-making.
Features
- View of historical data in tables and graphs.Demand forecasts for a maximum 12-month horizon.Detection and imputation of Outliers and Lost Data.Intelligent model competition algorithm (up to 5 model families).Selection of the best forecast model.KPI of the forecast system (MASE and MAPE).Up to 100 products or SKU.Permanent updates.Free support by email.Intuitive interface for easy data loading and analysis.Supports data input via Excel for seamless integration.Employs multiple forecasting models including ets, arima, prophet, random forest, and svm.Automatically selects the best model for each product.Provides visualizations and interactive graphs of demand predictions.Forecasts demand for up to a 12-month period.Detects and imputes outliers and missing data.Includes intelligent model competition algorithm for optimal predictions.Forecast system KPIs like MASE and MAPE are available.Offers free email support and permanent updates.
What is the Demand Forecast app?
The Demand Forecast app is a web-based application that uses Artificial Intelligence and machine learning algorithms to provide precise demand forecasting for products or services.Who is the Demand Forecast app best suited for?
It is best suited for supply chain managers, inventory analysts, small business owners, production planners, and data analysts.How does the Demand Forecast app work?
The app analyzes historical sales data and its variability and seasonality using classical and machine learning models to predict future demand accurately.What types of models does the Demand Forecast app use?
The app employs models like ets, arima, prophet, random forest, and svm to provide the best demand forecasts.How does the app select the best forecast model?
The app automatically selects the best model for each product through its intelligent model competition algorithm.What is the forecast horizon of the Demand Forecast app?
The app can forecast demand for a maximum of 12 months.Can the Demand Forecast app handle outliers and missing data?
Yes, the app detects and imputes outliers and missing data to ensure accurate forecasting.What are the benefits of using the Demand Forecast app?
The app helps optimize resources, improve production and inventory management, and minimize operating costs, thereby maximizing business performance.Is there customer support available for the Demand Forecast app?
Yes, the app offers free support via email along with permanent updates.Can I use Excel to input data into the Demand Forecast app?
Yes, the app supports data input via Excel, making it easy to load and analyze data.